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Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,750 cash and $33,325 of photography equipment in

Following are the transactions of a new company called Pose-for-Pics.

Aug. 1 Madison Harris, the owner, invested $7,750 cash and $33,325 of photography equipment in the company.
2 The company paid $2,700 cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $1,473 cash.
20 The company received $2,250 cash in photography fees earned.
31 The company paid $872 cash for August utilities.

Prepare general journal entries for the above transactions.

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